CVS-Aetna Merger Cleared After Unprecedented Court Battle
Law360 (September 4, 2019, 5:18 PM EDT) -- A D.C. federal judge on Wednesday approved the U.S. Department of Justice deal clearing CVS' purchase of Aetna, even after elevating what is typically a mundane judicial merger review into an evidentiary proceeding.
Despite a steady stream of antagonism directed at DOJ Antitrust Division lawyers over the course of his Tunney Act review, U.S. District Judge Richard J. Leon ultimately concluded that the government's settlement was sound and rejected arguments against the deal from outside groups.
"Although amici raised substantial concerns that warranted serious consideration, CVS' and the government's witnesses, when combined with the existing record, persuasively support why the markets...
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